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Schlumberger (SLB) Outpaces Stock Market Gains: What You Should Know
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Schlumberger (SLB - Free Report) closed at $60.77 in the latest trading session, marking a +1% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.67%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, added 1.14%.
Heading into today, shares of the world's largest oilfield services company had gained 0.87% over the past month, lagging the Oils-Energy sector's gain of 4.25% and outpacing the S&P 500's loss of 0.73% in that time.
Wall Street will be looking for positivity from Schlumberger as it approaches its next earnings report date. The company is expected to report EPS of $0.77, up 22.22% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $8.33 billion, up 11.44% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.98 per share and revenue of $32.91 billion. These totals would mark changes of +36.7% and +17.16%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Schlumberger. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Schlumberger is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Schlumberger is holding a Forward P/E ratio of 20.17. This valuation marks a premium compared to its industry's average Forward P/E of 19.45.
Also, we should mention that SLB has a PEG ratio of 0.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Field Services industry currently had an average PEG ratio of 0.76 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SLB in the coming trading sessions, be sure to utilize Zacks.com.
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Schlumberger (SLB) Outpaces Stock Market Gains: What You Should Know
Schlumberger (SLB - Free Report) closed at $60.77 in the latest trading session, marking a +1% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.67%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, added 1.14%.
Heading into today, shares of the world's largest oilfield services company had gained 0.87% over the past month, lagging the Oils-Energy sector's gain of 4.25% and outpacing the S&P 500's loss of 0.73% in that time.
Wall Street will be looking for positivity from Schlumberger as it approaches its next earnings report date. The company is expected to report EPS of $0.77, up 22.22% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $8.33 billion, up 11.44% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.98 per share and revenue of $32.91 billion. These totals would mark changes of +36.7% and +17.16%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Schlumberger. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Schlumberger is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Schlumberger is holding a Forward P/E ratio of 20.17. This valuation marks a premium compared to its industry's average Forward P/E of 19.45.
Also, we should mention that SLB has a PEG ratio of 0.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Field Services industry currently had an average PEG ratio of 0.76 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SLB in the coming trading sessions, be sure to utilize Zacks.com.